Budgeting Persuasive Essay

Something that I vehemently disagree on with both political parties is defense spending. In their platforms, both parties seem to favor an increase in funding, even if it is a bit more discretely worded under the Democratic Party’s platform. In my view, we allocate too much of our country’s resources to the military, and neglect many of its other needs in doing so. The United States military is by far and away the most puissant armed organization in the world. Here are some figures that help illustrate just how pragmatic that last statement is. In the 2015 fiscal year we spent 598 billion dollars on the military; that’s over fifty percent of the federal government’s discretionary spending.(1) In 2016, only 19 of 194 nations had a higher GDP than America’s defense budget; that means that the U.S. spends more money per year on its military than the total value of all goods produced and services provided in a country in a year in 90 percent of the world’s nations.(2) According to 2016 statistics the U.S. spends more on its defense than the next eight countries combined.(3) That same year, China was second with a 215 billion dollar defense budget and Russia was third at approximately 69 billion.

Money was very short. We had to account for every penny. Every week, my mother wrote down in a leather-bound journal everything she earned and everything we spent in the household, down to the penny. Every week, from the time I was ten years old, she went through that with me. We lived on a cash basis. There was no credit card, no second mortgage. In that situation, budgeting became extremely important. Her comment to me was, “You can’t complain [about what you don’t have] unless you understand what’s happening.” Those were her ground rules.

* Create a budget- creating a budget will help you not spend more money than you have. Creating a budget will also help you stay out of debt.

A budget is something I take as seriously as education: without it, you’d be nowhere but miserable. My mother racked up a lot of debt before leaving my dad and I. She was and is legally supposed to send child support, but she never has. My dad spent until 2008 trying to repay the debt she left us with while she was living in Hawaii buying multiple cars and living in luxury. When I was old enough to understand this, I promised myself that I would never go into debt if I could help it. At my school, Personal Finance is a graduation requirement; while some students were complaining that we were only watching Dave Ramsey “ramble on”, I took it with all seriousness. I would rather listen to Dave Ramsey talk about budgeting on the radio in exchange of not going $60,000 in debt and losing my house because the payments are too steep. As Calvin Coolidge once said, “The only way I know of escape from that constant tragedy is to keep running expenses low enough so that something may be saved to meet the day when earnings may be small.” Knowing that President Coolidge not only shared this value, but practiced it in everyday life as well, made me respect him even more than I already

creating budgets can help you save your money. Another thing it can help with is setting goals. this goes along with saving and creating budgets so you can afford, for example a car, or a house in the future.

Your budget is where you tell your money what it will do next month. “...I assure you that virtually none of the thousands of winners I have seen did so without a written budget.” Don’t be causal. Get fired up! You can’t do it without focused intensity. All Is Safely Gathered in: Family Finances manual counsels us to simply “Use a Budget,”

Along with this we learned about money management, and how to live within our means as a student to avoid debt or have less debt than what has currently been predicted. As currently budgeting can make a difference for a student especially for my financial outlook. Being a college student tuition fluctuation continues to rise, budgeting can however lower and eliminate your financial debt you may fall into. Because of the amount of money required to spend on finances budgeting can help you manage this bump in the road. Having a monthly budget helps you with pre-planning so you can maintain a higher goal that is constantly evolving. Especially in your potential career in order to succeed in order

The earlier you start learning about Finances the better. If I were to help a client out that was a child or a young adult I would explain to them the importance of finances. A child around the ages of six to ten I would explain why it is important that they open a savings account or help their parents to find a bank or credit union in a nearby area. These will protect your finances and pay you interest for the amount of time you keep your money in their without touching it. If the bank goes out of business the federal insurance insures you get a full refund. It is very important for a child to open an account around this age not only because they can with parental permission but it also helps them start to understand finances in a more adult

When budgeting for yourself you tend to fall into a “grove” which is your own spending/conservation trend, that depends on your wages or salaries. People adjust their spending patterns based on how much they make and what they can afford. In the market economy that we live in, changes in prices dictate and help guide decisions on where people should spend money or invest their

Living frugally can be hard for those of us with children. There can be a lot of expenses but there are many ways to save money. My favorite for children are hand me downs! They are the best for babies and children who have not hit the point where they are too picky about their clothes. The number one pro being that they are the cheapest price ever - free! Even if your child can not fit in them right away, make sure to accept them, as kids grow out of things before you know it. Making trips to retail stores every time they grow out of a size can really add up! My family in particular have been benefiting greatly from hand me down clothes! Recently, my son spent a few days with his grandma. She is a nanny to a boy and girl who are a few years

Everyone, no matter the age, needs to assess their budget and the best ways to effectively manage their financial needs. The easiest way to do so is by going through last month 's (or any average month 's) bills. You should include everything you regularly spend money on. Where are the bulk of your expenses? Do you need to adjust your budget?

A budget is how you avoid going overboard or lose track of your spending. No one wants 5-figures of consumer debt do they? Rule 1 is always budget with your NET income, which is your income after taxes.

When doing the budget part of the project, I realize I budget money that I don’t have. I spend way too much for food. I spend almost two-hundred for food, because at home my mother never cook, so we ate out all the time, that habit that I most broke, because eating out is very expense. I also, spend a lot of money on clothes, hair, and other personal items. I budget myself fifty dollars on clothes on money that I can be saving for later in life. I spend almost a hundred dollar for hair (fifth for the weave and fifth for someone to do my hair). With food, clothes, hair, and other personal items, I am at a total of almost four hundred dollars that I budget for those items.

A budget refers to a financial plan that represents the allocation of the income to various expenditure channels such as expenses, savings, and debt repayment. A personal budget is important because avoiding financial surprises and keeping financial stress down helps avoid a crisis and allows you to focus on your overall goals. You cannot avoid all risks in life but if you plan your finances to live within your means, you can avoid being kicked out of your home, losing your car and other terrible things that a solid budget would help you avoid. Knowing what you can afford is a central life skill. Unfortunately, many do not budget even though they know they should (Wagoner, 2012).

Personal budgeting is an important factor in regards to successful long term financial stability. Budgeting has many great aspects as well as showing areas of weakness. It can show the truth about your personal financial spending habits, areas that are not looked at enough, and if there are needs for a larger emergency fund. The reality of personal budgeting is that many people potentially do not keep a personal budget for one reason or another. People also don’t consider the negative effect that it could have on one personally and or how it effects the economy.